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 Opening a Bank Account in Singapore

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prince_mk
post Dec 12 2015, 03:33 PM

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Hello..next week I planned going down to Sg to have open a trading and savings acc with sc and ocbc.

currently i don hav working permit / non PR. so far anyone had open an account lately in Sg.

Some branch doesnt allow. Some say approval is case to case basis.

any advise?

This post has been edited by prince_mk: Dec 12 2015, 03:34 PM
prince_mk
post Dec 14 2015, 09:50 PM

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QUOTE(Hansel @ Dec 13 2015, 10:07 PM)
Hi,...call the branches first before you go down. Confirm first,...I am of the opinion that it should not be a problem,...
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Ok done with opening.next is to decide what to buy tongue.gif
prince_mk
post Dec 16 2015, 10:35 AM

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QUOTE(nexona88 @ Dec 15 2015, 05:25 PM)
so u open using your relative Singapore address  tongue.gif
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I use Msia address. Dont want trouble relative. smile.gif
prince_mk
post Dec 16 2015, 10:39 AM

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Now go to wait for 3 w/days to start the game.

Keppel reit, Cache Logistic, Soildbuild and Aimsamp.

Planned to put long term and the proce was quite low.
prince_mk
post Dec 16 2015, 10:40 AM

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QUOTE(wil-i-am @ Dec 15 2015, 04:04 PM)
Is their KYC process stringent?
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Quite also. The Manager asked alot of questions.

More stringent. Ocbc doesnt allow me to open.
prince_mk
post Dec 16 2015, 10:52 AM

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QUOTE(Ramjade @ Dec 16 2015, 10:42 AM)
What questions?  SCB?
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Why do u wan open? How much you intend to put? But i can show to them i m staying with relative in sg.

But the approval is case to case basis. I brought along around sgd20k.

Do u plan to open an acx in sg?
prince_mk
post Dec 16 2015, 12:12 PM

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QUOTE(Ramjade @ Dec 16 2015, 11:08 AM)
In the future. Perhaps 3 years time. Sgd 20k cash?
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Yes cash so that they nay consider my application
prince_mk
post Dec 16 2015, 12:42 PM

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Just put half in sling bag and half in luggage. They dont really check. Put a bottle of water in sling to distract their attention.
prince_mk
post Dec 16 2015, 12:43 PM

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Just act cool.
prince_mk
post Dec 16 2015, 03:19 PM

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True. They dont bother coz we are spending in their country. I seldom bring this much
prince_mk
post Dec 17 2015, 10:10 AM

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QUOTE(wil-i-am @ Dec 16 2015, 09:37 PM)
U managed to open with which Bank?
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Standard Chartered
prince_mk
post Oct 24 2016, 06:58 PM

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QUOTE(heavensea @ Oct 24 2016, 06:22 PM)
This I also not sure bro, sifu in here advise me to open sg account to trade.
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I m also using SC trading account. Quite okay.

for more info what reits to buy, u may always join us at

https://forum.lowyat.net/index.php?showtopi...&#entry82238078
prince_mk
post Oct 24 2016, 07:52 PM

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QUOTE(deadravel @ Oct 24 2016, 07:16 PM)
hi, r u working in sg?
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No. I m in KL sad.gif how abt u

U invested in reits and etf?
prince_mk
post Oct 24 2016, 09:45 PM

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QUOTE(heavensea @ Oct 24 2016, 08:37 PM)
prince_mk hi sir, please share your experience with me. I also want to invest in Sg REITs. Tqvm smile.gif

deadravel
thanks bro, nice gesture of yours. biggrin.gif
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Open a trading acx first in Sg.

Btw are u working in Sg? If yes will be more easier.

Sg has tighten d rules for us to get a trading acc.

Try to email or call the bank n enquire for more info on trading acc.
prince_mk
post Oct 25 2016, 07:39 AM

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QUOTE(Hansel @ Oct 24 2016, 10:55 PM)
Correction, bro,... SG has not yet tightened the opening of trading accts, but they have tightened the rules for opening of bank savings accts. ou can still open trading accts with any brokerage,... no problem, but without a savings acct to back it up with, you will find the charges you have to pay are too high,....
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I m consider lucky to have a savings and trading acc in sg smile.gif
prince_mk
post Nov 17 2016, 08:02 PM

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QUOTE(Ramjade @ Nov 15 2016, 06:51 PM)
I have maybank and scb. Can I asked referral letter from this 2 bank to let me open account?
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maybank sg can accept you if you provide them maybank msia acc num. no problem. others seem to be closing their door.
prince_mk
post Nov 17 2016, 08:04 PM

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QUOTE(kart @ Nov 17 2016, 07:49 PM)
For me, I have POSB and OCBC (Singapore) saving accounts. Do I still need to open a Maybank Singapore saving account? So, is it cheaper to move fund between Maybank Malaysia saving account and Maybank Singapore saving account?

For now, I use Visa Direct to transfer fund from Maybank Malaysia saving account, to my POSB saving account. The fund is transferred via Visa network, into my a debit card linked with my POSB saving account. Then, via FAST, I can transfer fund between POSB and OCBC (Singapore) saving accounts, for free.

Yeah, this method may not be the cheapest method, so I am open to any suggestion from you all, on the cheapest and best way to move fund between Malaysia saving account and Singapore saving account.

Thank you for your advice.  notworthy.gif
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I tried ask some posb bank but they refused to let me open acc there coz I don hav working permit or PR.

when did u open d posb ?
prince_mk
post Nov 17 2016, 08:04 PM

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QUOTE(TOMEI-R @ Nov 17 2016, 11:33 AM)
Hi... can some Malaysian with no referral letter from any banks and an employment pass just walk in with a passport and ic and open a savings accounts with any Standard Chartered Singapore branch?
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last year yes. this year seems to be difficult. I think by now they closing the door.
prince_mk
post Nov 17 2016, 08:05 PM

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QUOTE(Ramjade @ Nov 15 2016, 09:53 PM)
And if they do a background check to find that I don't have that much money?
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bro

they wont check whether you have a deep pocket or not. don't worry.

This post has been edited by prince_mk: Nov 17 2016, 08:06 PM
prince_mk
post Nov 17 2016, 08:17 PM

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QUOTE(jack2 @ Nov 16 2016, 04:30 PM)
I an with UOB and they issued me reference letter to UOB Singapore and open account.

I need to find time and fly to Singapore.
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update us later okay.
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